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CHOICEONE FINANCIAL SVCS INC (COFS) Stock Fundamental Analysis

NASDAQ:COFS - Nasdaq - US1703861062 - Common Stock - Currency: USD

30.21  +0.29 (+0.97%)

After market: 30.21 0 (0%)

Fundamental Rating

5

Overall COFS gets a fundamental rating of 5 out of 10. We evaluated COFS against 395 industry peers in the Banks industry. COFS has a bad profitability rating. Also its financial health evaluation is rather negative. COFS is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

COFS had positive earnings in the past year.
In the past year COFS had a positive cash flow from operations.
COFS had positive earnings in each of the past 5 years.
COFS had a positive operating cash flow in each of the past 5 years.
COFS Yearly Net Income VS EBIT VS OCF VS FCFCOFS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M

1.2 Ratios

With a Return On Assets value of 0.17%, COFS is not doing good in the industry: 87.34% of the companies in the same industry are doing better.
COFS's Return On Equity of 1.68% is on the low side compared to the rest of the industry. COFS is outperformed by 87.59% of its industry peers.
Industry RankSector Rank
ROA 0.17%
ROE 1.68%
ROIC N/A
ROA(3y)0.93%
ROA(5y)0.91%
ROE(3y)11.71%
ROE(5y)10.39%
ROIC(3y)N/A
ROIC(5y)N/A
COFS Yearly ROA, ROE, ROICCOFS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

COFS's Profit Margin of 6.97% is on the low side compared to the rest of the industry. COFS is outperformed by 86.58% of its industry peers.
In the last couple of years the Profit Margin of COFS has grown nicely.
COFS does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 6.97%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y1.55%
PM growth 5Y8.3%
GM growth 3YN/A
GM growth 5YN/A
COFS Yearly Profit, Operating, Gross MarginsCOFS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

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3

2. Health

2.1 Basic Checks

COFS does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, COFS has more shares outstanding
COFS has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, COFS has an improved debt to assets ratio.
COFS Yearly Shares OutstandingCOFS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M
COFS Yearly Total Debt VS Total AssetsCOFS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

2.2 Solvency

COFS has a debt to FCF ratio of 1.96. This is a very positive value and a sign of high solvency as it would only need 1.96 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.96, COFS is in line with its industry, outperforming 49.37% of the companies in the same industry.
COFS has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
COFS has a better Debt to Equity ratio (0.11) than 66.84% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 1.96
Altman-Z N/A
ROIC/WACCN/A
WACC12.88%
COFS Yearly LT Debt VS Equity VS FCFCOFS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
COFS Yearly Current Assets VS Current LiabilitesCOFS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2023 2024 50M 100M 150M

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8

3. Growth

3.1 Past

COFS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 19.93%, which is quite good.
The Earnings Per Share has been growing by 15.52% on average over the past years. This is quite good.
COFS shows a strong growth in Revenue. In the last year, the Revenue has grown by 27.91%.
COFS shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 20.14% yearly.
EPS 1Y (TTM)19.93%
EPS 3Y4.36%
EPS 5Y15.52%
EPS Q2Q%16.22%
Revenue 1Y (TTM)27.91%
Revenue growth 3Y5.01%
Revenue growth 5Y20.14%
Sales Q2Q%52.13%

3.2 Future

COFS is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.04% yearly.
Based on estimates for the next years, COFS will show a very strong growth in Revenue. The Revenue will grow by 37.58% on average per year.
EPS Next Y6.75%
EPS Next 2Y7.04%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year71.31%
Revenue Next 2Y37.58%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
COFS Yearly Revenue VS EstimatesCOFS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M
COFS Yearly EPS VS EstimatesCOFS Yearly EPS VS EstimatesYearly EPS VS Estimates 2023 2024 2025 2026 1 2 3

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5

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 8.96, the valuation of COFS can be described as very reasonable.
Based on the Price/Earnings ratio, COFS is valued cheaply inside the industry as 90.13% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.45, COFS is valued rather cheaply.
COFS is valuated reasonably with a Price/Forward Earnings ratio of 8.11.
Based on the Price/Forward Earnings ratio, COFS is valued cheaper than 83.54% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.90, COFS is valued rather cheaply.
Industry RankSector Rank
PE 8.96
Fwd PE 8.11
COFS Price Earnings VS Forward Price EarningsCOFS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Compared to the rest of the industry, the Price/Free Cash Flow ratio of COFS indicates a slightly more expensive valuation: COFS is more expensive than 69.87% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 18.37
EV/EBITDA N/A
COFS Per share dataCOFS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

COFS's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.33
PEG (5Y)0.58
EPS Next 2Y7.04%
EPS Next 3YN/A

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6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 3.84%, COFS has a reasonable but not impressive dividend return.
COFS's Dividend Yield is a higher than the industry average which is at 3.47.
Compared to an average S&P500 Dividend Yield of 2.42, COFS pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.84%

5.2 History

The dividend of COFS has a limited annual growth rate of 0.25%.
COFS has been paying a dividend for at least 10 years, so it has a reliable track record.
COFS has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.25%
Div Incr Years13
Div Non Decr Years15
COFS Yearly Dividends per shareCOFS Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

COFS pays out 155.35% of its income as dividend. This is not a sustainable payout ratio.
The dividend of COFS is growing, but earnings are growing more, so the dividend growth is sustainable.
DP155.35%
EPS Next 2Y7.04%
EPS Next 3YN/A
COFS Yearly Income VS Free CF VS DividendCOFS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
COFS Dividend Payout.COFS Dividend Payout, showing the Payout Ratio.COFS Dividend Payout.PayoutRetained Earnings

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CHOICEONE FINANCIAL SVCS INC

NASDAQ:COFS (7/3/2025, 7:13:34 PM)

After market: 30.21 0 (0%)

30.21

+0.29 (+0.97%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-30 2025-04-30/bmo
Earnings (Next)07-23 2025-07-23/amc
Inst Owners36.5%
Inst Owner Change65.33%
Ins Owners5.34%
Ins Owner Change17.21%
Market Cap452.55M
Analysts84.44
Price Target36.04 (19.3%)
Short Float %0.93%
Short Ratio1.21
Dividend
Industry RankSector Rank
Dividend Yield 3.84%
Yearly Dividend1.09
Dividend Growth(5Y)0.25%
DP155.35%
Div Incr Years13
Div Non Decr Years15
Ex-Date06-13 2025-06-13 (0.28)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.99%
Min EPS beat(2)-6.12%
Max EPS beat(2)8.09%
EPS beat(4)3
Avg EPS beat(4)6.7%
Min EPS beat(4)-6.12%
Max EPS beat(4)12.61%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-2.13%
Min Revenue beat(2)-3.71%
Max Revenue beat(2)-0.56%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)2.91%
PT rev (3m)-9.4%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.31%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.12%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.66%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.47%
Valuation
Industry RankSector Rank
PE 8.96
Fwd PE 8.11
P/S 4.39
P/FCF 18.37
P/OCF 16.85
P/B 1.06
P/tB 1.71
EV/EBITDA N/A
EPS(TTM)3.37
EY11.16%
EPS(NY)3.72
Fwd EY12.33%
FCF(TTM)1.64
FCFY5.44%
OCF(TTM)1.79
OCFY5.94%
SpS6.89
BVpS28.51
TBVpS17.7
PEG (NY)1.33
PEG (5Y)0.58
Profitability
Industry RankSector Rank
ROA 0.17%
ROE 1.68%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 6.97%
GM N/A
FCFM 23.88%
ROA(3y)0.93%
ROA(5y)0.91%
ROE(3y)11.71%
ROE(5y)10.39%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y1.55%
PM growth 5Y8.3%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.02
Health
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 1.96
Debt/EBITDA N/A
Cap/Depr 17.28%
Cap/Sales 2.16%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 342.7%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC12.88%
ROIC/WACCN/A
Cap/Depr(3y)18.86%
Cap/Depr(5y)20.56%
Cap/Sales(3y)2.84%
Cap/Sales(5y)2.9%
Profit Quality(3y)186.62%
Profit Quality(5y)152.18%
High Growth Momentum
Growth
EPS 1Y (TTM)19.93%
EPS 3Y4.36%
EPS 5Y15.52%
EPS Q2Q%16.22%
EPS Next Y6.75%
EPS Next 2Y7.04%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)27.91%
Revenue growth 3Y5.01%
Revenue growth 5Y20.14%
Sales Q2Q%52.13%
Revenue Next Year71.31%
Revenue Next 2Y37.58%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-50.47%
FCF growth 3Y10.34%
FCF growth 5Y40.98%
OCF growth 1Y-47.73%
OCF growth 3Y8.87%
OCF growth 5Y39.52%